Hyundai Mipo, KR7010620003

Eight VLGCs are set for Hyundai Mipo: what it means for Hyundai Mipo stock

Published on 10/14/2026 at 01:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Eight 90,000-cbm VLGCs are planned at the yard. The first VLGC build gives Hyundai Mipo stock a new yard milestone through 2030.

Shipbuilding milestone and delivery schedule

BW LPG ordered eight 90,000-cbm vessels on May 30, 2026.
The yard contract was signed in August 2026.
Deliveries are scheduled from 2029 through the second quarter of 2030.

Hyundai Mipo, KR7010620003, Illustration mit AI erstellt.

Eight 90,000-cbm very large gas carrier vessels are set to be built at Hyundai Mipo, giving Hyundai Mipo stock a concrete shipyard development to track. PortNews reported on September 24, 2026, that the vessels ordered by BW LPG will be the first VLGCs built at the yard.

Three dates define the order

On May 30, 2026, BW LPG placed the underlying order for eight Panamax VLGCs worth USD 940 million, according to PortNews. The contract covering all eight ships was signed in August 2026, and the September 24, 2026 report identified Hyundai Mipo Dockyard in South Korea as the construction site.

MarineLink also reported on September 23, 2026, that the contract includes cargo handling and LPG fuel supply systems supplied by Nord Gas Solutions.

What the VLGC order means

The project gives the yard a first entry into VLGC construction while keeping the commercial timetable visible: deliveries are scheduled from the start of 2029 through the second quarter of 2030. PortNews said the ships will each have capacity of 90,000 cubic meters, a specification that places the order in the large LPG carrier segment.

For Hyundai Mipo stock, the useful distinction is between the USD 940 million underlying vessel order and the August 2026 systems contract. The yard is the construction location for eight ships, while the reported equipment contract belongs to Nord Gas Solutions. That separation matters when investors assess which revenue stream is directly tied to the shipbuilder.

HD Hyundai shipbuilding connection

PortNews described HD Hyundai Mipo Dockyard as a South Korean shipbuilder within HD Hyundai on September 24, 2026. The construction schedule extending from 2029 into the second quarter of 2030 gives the announcement a multi-year operating horizon.